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In the latest series of incidents involving hacked Twitter accounts promoting XRP scams, Red Cross accounts have recently been targeted
In yet another example of the increasing trend of cryptocurrency scams on social media, a recent Twitter hack saw a Red Cross account promoting fake XRP giveaways.
The tweet, which was posted on February 19, announces that Ripple CEO Brad Garlinghouse has initiated an XRP airdrop and urges users to act quickly and claim their “prize” on a specific link.
The scam has been confirmed by the Red Cross as a hack, and they have issued a warning to their followers to beware of such fraudulent activity.
This is not the first time that XRP scams have been promoted via hacked Twitter accounts. French City Councilman Quentin Feres’ account was hacked earlier this month to promote similar scams, as was the Twitter account for American TV sports channel GOL TV last month. In September 2022, the official Twitter account of the India Oman embassy was also hacked to promote XRP bounty scams.
These scams often pretend to be Ripple-affiliated entities and offer victims lucrative investment opportunities that are not backed by any valid contracts or regulatory oversight.
Many of them imitated Garlinghouse, promising seemingly generous investment opportunities that proved too good to be true.
Despite social media giant Twitter’s efforts to clamp down on fake accounts, XRP scams are growing. Therefore, users must be more vigilant.
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